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Business in Argentina: Understanding Emerging Markets

Understanding emerging markets is key ​to​ identify​ ​new business opportunities and obtain the tools to navigate their specific characteristics. This program ​aims to​ provid​e​ Argentinian and International MBA students with:

  • a comprehensive understanding of the Latin American business environment;
  • a broad knowledge about the specifics related to Argentina and its culture; and,
  • international networking opportunities.

The program is fully taught in English by UTDT's faculty, who are recognized experts in their fields. Comprised of three intensive, consecutive modules, each lasting one week, "Business in Argentina: Understanding Emerging Markets" has a flexible design that allows participants to take one, two or the three courses together.

Program Structure

Each module comprises 33 contact hours, taught from Tuesday through Friday, from 9 am to 7 pm. Students have 75 minutes for lunch and two short breaks during the day.

An orientation program and city tour are offered to new participants each Sunday.

Students are expected to attend at least 80% of lectures and to pass a mini test and final exam in each module.

Program dates and course abstracts:

Module 1

"Advanced Finance for Strategists"

Prof. Luis Pereiro, Ph.D. in Business Administration (Finance), ESEADE, Argentina


January, 8 - 11

Module 2

"International Business Strategies: Challenges and Opportunities in Emerging Markets"

Prof. Sebastián Auguste, Ph.D. in Economics, University of Michigan.


January, 15 - 18

Module 3

"Operations Strategy and Emerging Markets"

Prof. Santiago Kraiselburd, Technology and Operations Management, Harvard Business School.


January, 22 - 25

Module 4

"International Marketing: A world, a market"

Prof. Jorge Almada, Ph. D.(c) in Social Sciences, FLACSO.


January, 29 - February 1

Application requirements

Only MBA students will be accepted to this program. To apply please submit to

  1. Application form
  2. All of the following documents in one single .pdf file:
    • Transcript of records
    • CV (resume)
    • Scan of a recent passport picture
    • Scan of identification page of passport
    • Signed Acknowledgement of Risks and Release of Responsibility form (download)
  3. Application deadline: October 15, 2017
  4. The acceptance decision will be communicated via email within three weeks of the application deadline.

Travel arrangements and housing

Each participant must arrange and cover the costs of international and local transportation, accommodation, meals, health insurance, travel documents and personal expenses.

A list of suggested accommodations will be​ sent to accepted students.


Tuition per module: USD 2000 (waived for PIM partners).


An awesome experience that provided a great insight to Latin America. The modules were all taught differently, but I learnt a lot about how to look at strategic decisions from a financial perspective, how to understand the Latin American culture and to manage diverse teams, as well as International Business in Argentina & Latin America. Di Tella´s staff were helpful and always went out of their way to help me and make me feel at home. It was an experience I will never forget!

Mary Jane Kivalu
Otago Business School,
University of Otago
New Zealand

The course was very insightful and challenging, with a good range of case studies. I will be using a lot of this theory with the companies I deal with. The lecturer was great and very passionate; I really enjoyed him. Having local students in the class was a plus, as well as the support the University´s staff gave us.

Matthew Topp
UNSW Business School

The faculty and staff at UTDT did a fantastic job of ensuring that students had a great academic and social experience in Buenos Aires. They were always available for questions and went above and beyond to make sure we had a true Argentinian experience. I had a fantastic time at the school and truly learned a lot. Couldn’t have asked for a more lovely experience and would recommend anyone interested in learning about business in South America to come!

Christine Bequai
Kelley School of Business,
Indiana University


When will know if I have been accepted?

Within three weeks of the application deadline you will receive an acceptance letter.

How many students will be attending each module?

A minimum of 10 students is required to open each module. The maximum enrollment per module is 40 students.

Is the program only for international students?

No. UTDT MBA students will also be joining this program.

Will the University issue a transcript for participants?

Yes, a transcript will be issued and sent to the home institution within a month of program completion.

Who should I contact for further information about this program?

Please contact Alex Markman at


Application form

Male  Female

Emergency contact information

Information on where you want your transcript to be sent

Module(s) that you want to enroll in (select all that apply)

Years of professional experience:

Previous jobs:

Please indicate any special dietary or medical needs you may have

About Prof. Luis Pereiro

Luis holds a Ph.D. in Business Administration (Finance) from ESEADE (Argentina) and an MBA from Katholieke Universiteit Leuven (Belgium).

He is an expert in international finance, corporate valuation and new venture financing. From 2004 through 2009 he held the Rust Endowed Visiting Professor Chair of Business Administration at Darden Business School, University of Virginia, United States. He currently holds a dual appointment at Universidad Torcuato Di Tella in Buenos Aires (Argentina) and at HEC School of Management in Paris (France), where he teaches and does research on Corporate Finance. His international teaching experience also includes appointments at University of North Carolina at Chapel Hill and Arizona State University.

His research has been published in: Journal of Portfolio Management, Journal of Private Equity, Journal of Applied Corporate Finance, Journal of Multinational Financial Management, Journal of Corporate Accounting and Finance, Emerging Markets Review and Venture Capital.

His book, "Valuation of Companies in Emerging Markets” (Wiley, 2002) is a reference to investors and risk capitalists around the world. He has over 25 years of experience as consultant in businesses in Latin America, China, Europe and the United States.

About Prof. Sebastián Auguste

Sebastián has a Ph.D. in Economics from the University of Michigan and is Director of the MBA and Executive MBA programs at Universidad Torcuato Di Tella, where he also serves as professor. He was Associate Economist at FIEL, Research Economist at the Inter American Development Bank and Consultant for the World Bank and other multilateral organizations.

He also worked as advisor for several Latin American governments and companies. His research has been published in the Journal of Monetary Economics among other renowned publications.

About Prof. Santiago Kraiselburd

Dr. Santiago Kraiselburd is responsible for business development, knowledge creation, people development and leadership in client facing engagements on Supply Chain Management and Strategic Sourcing & Procurement. Although Santiago has focused on the Consumer Goods industry, he has also served clients in a wide arrange of industries such as Agribusiness, Airline, Automotive, Chemicals, Oil & Gas, etc. In addition to INCAE, Santiago is an Adjunct Professor at the Universidad Torcuato Di Tella (Argentina), and teaches at the Zaragoza Logistics Center (Spain), both in the Massachusetts Institute of Technology (MIT) International Logistics Program and at the Spanish Masters program.

Dr. Kraiselburd received a Doctorate in Business Administration (DBA) from Harvard University, a Masters in Business Administration (MBA) and a Masters of Science in Industrial and Systems Engineering from the University of Southern California (USC), and an Electronic Engineering degree specialized in Microprocessors from the Universidad Nacional de La Plata (Argentina). Dr. Kraiselburd has taught/led research through various appointments at the University of Chicago (USA), Harvard University (USA), IE Business School (Spain), INCAE (Costa Rica), the Instituto Tecnológico y de Estudios Superiores de Monterrey (México, the Massachusetts Institute of Technology (USA), the Universidad Nacional de La Plata (Argentina), the University of Southern California (USA), the Universidad Torcuato Di Tella (Argentina), the University of Toronto (Canada) and the University of St. Gallen (Switzerland). He has written numerous cases and articles published both in academic journals such as Production and Operations Management (POM), Manufacturing & Service Operations Management (M&SOM), International Journal of Production Economics (IJPE), Harvard Deusto Business Review and Supply Chain Quarterly.

About Prof. Jorge Almada

Jorge is Ph.d. (candidate) in Social Sciences at FLACSO (Argentina). His undergraduate studies are in Electrical Engineering (Universidad Tecnológica Nacional in Argentina) and he holds an MBA from IDEA (Argentina) and graduate studies in Strategic Marketing from the University of San Diego (USA).

He has extensive professional experience in International Operations for Latin America, Marketing/Sales Trade Marketing, Consumer Marketing, Market & Customer Development, Supply Chain Management, Telecommunications and related Technologies in companies such as Coca-Cola, AT&T, NCR, International Gaming Technology and Bally Gaming and Systems.

He currently teaches at Universidad Torcuato Di Tella; ITBA; Universidad Nacional de La Plata; Universidad de Palermo; Universidad de Belgrano (Argentina); Escuela International Focus (Colombia); Pontificia Universidad Católica del Ecuador and Universidad Tecnológica Equinoccial (Ecuador). He also Works as academic and independent consultant.

Advanced Finance for Strategists

An international expansion, the leap into a new technology, a company acquisition or a merger, the sale of a subsidiary—all are strategic moves that have an enormous impact on shareholder value. This advanced seminar explains how CEOs can accurately gauge the financial impact of strategic decisions by using cutting-edge simulation tools. Participants will learn:


An MBA-level course on Corporate Finance. Students must be skilled at computing EV, NPV and IRR.

International Business Strategies: Challenges and Opportunities in Emerging Markets

This course is focused on learning and developing talent management and self-knowledge skills for successfully working in diverse cultural environments. Special focus is placed on Argentinian and Latin American specific traits and particular challenges.

Main objectives:

Operations Strategy and Emerging Markets

Operations Strategy in Emerging Markets is aimed at broadening your understanding of operating challenges well beyond topics covered in core courses, and of specific challenges that arise when operating in developing economies in general and LatAm in particular. Looking at businesses ranging from heavy manufacturing to biotechnology, and covering many of the main industries in the region, the course focuses on the value created and captured by different operating strategies. You will acquire frameworks that enable you to map and analyze the demands of different competitive environments, and become familiar with the menu of potential operating strategies. You will learn how these strategies must be designed to fit with the particular requirements of various competitive environments, as well as your company's competitive strategy.

You will develop the ability to identify and frame complex strategic issues in operations, design operating strategies that address those issues, and take effective action to achieve the full potential of the decisions. The course will expose you to a range of concepts, tools, and techniques for addressing issues such as the design, management and evolution of operating networks, the selection and implementation of new technologies, and the creation of operating systems that effectively connect operations with customers, distribution channels, and suppliers while preparing for competitor’s reactions. The course gives special emphasis to providing you with the tools you will need to participate effectively in these decisions early in your career, especially on global assignments.

Important: this course follows the case method of teaching. As most of you may know, he case method of teaching is based on the idea that you, as a group, will discover the issues and learn from the ideas of others in the class. There will be no lectures, and, therefore, it is essential that you come to class prepared to share your insights and analysis with others. Since the courses schedule is intense, there will not be enough time to read all the assigned materials during the week of class when we will meet. Therefore, it is essential that you read all the assigned materials before arriving to Argentina.

Internationall Marketing: A world, a market

Notwithstanding Marketing concepts can be precisely defined, a worldwide approach implies a mandatory translation to make it suitable for the international environment. This translation has to be performed in the right language, which includes several variables other than language itself. Region by region, we will find different cultures, economies, development in a variety of senses, consumer trends, distribution channels, communication styles, logistic capabilities and more. It is the goal of this course to comprehend this complexity for the proper practice of International Marketing.

Learning outcomes